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Share-Ws Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 824465935 ✦ Winstonsalem, NC ✦ Designated as a 501(c)(3)

Overview

What is Share-Ws Inc?

Share-Ws Inc, based in Winston-Salem, North Carolina, is a nonprofit organization committed to addressing food insecurity in local "food deserts." These are areas lacking full-service grocery stores offering fresh produce and other food items within a mile's radius. The median family income in these areas is often near the federal poverty level. Share-Ws Inc aims to establish a full-service retail food market, known as The Harvest Market, to provide affordable, wholesome food options, thereby eliminating food insecurities. Over the past four years, the organization has expanded its member base to over 450 members, secured funding from various sources, including members and foundations, and acquired contractors and vendors for architectural drawings and food service equipment. Share-Ws Inc has also launched an e-commerce site and a beta-site, The Harvest Mini Market, and hired staff members. The organization has initiated a food pharmacy project in collaboration with United Health Centers and secured a local accounting firm for bookkeeping and financial reporting needs. Construction on the main store within the West Salem Shopping Center has begun, with an anticipated store opening in 8-10 months. This initiative is expected to improve public health, create approximately 26 jobs, and contribute to community and economic development in Winston-Salem.


Official website here: www.share-ws.coop/

Is Share-Ws Inc legitimate?

Share-Ws Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Share-Ws Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,934

For more financial information, click here


Official website here: www.share-ws.coop/

What is the mission statement of Share-Ws Inc?

Share-Ws Inc aims to address food insecurity in residential areas lacking full-service grocery stores, often referred to as "food deserts." These areas typically have a median family income at or near the federal poverty level. According to a 2017 study, an estimated 17% of residents in the region experienced food insecurity in 2014, with 38% of poor residents living in such "food deserts." Residents in these areas often face multiple disadvantages, including a lack of reliable transportation, which limits their opportunities for living wage employment and access to healthy food options. As a result, they often perceive having no alternatives except to utilize local convenience stores and fast food options. Therefore, Share-Ws Inc likely aims to improve access to fresh and healthy food options in these disadvantaged communities.


Official website here: www.share-ws.coop/

Who is the CEO of Share-Ws Inc?

Gary Williams is the Secretary of Share-Ws Inc.


Official website here: www.share-ws.coop/

What is the revenue of Share-Ws Inc?

Share-Ws Inc's revenue in 2022 was $978,955.


Official website here: www.share-ws.coop/

Who are the executives of Share-Ws Inc and what are their salaries?

The average compensation at Share-Ws Inc during 2022 was $36,934. There are 1 employees and 1 volunteers at Share-Ws Inc.

Here are 3 key members and their salaries:

    Ralph Peeples (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richie Williams (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Williams (Executive Di) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.share-ws.coop/

    Where can I find the form 990 for Share-Ws Inc?

    The Share-Ws Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.share-ws.coop/

    Learn more at the official website: www.share-ws.coop/

    Mission Statement of Share-Ws Inc

    Share-Ws Inc, a nonprofit organization, aims to address the issue of food insecurity in residential areas known as "food deserts." These areas, often located in regions with low median family income, are characterized by a lack of full-service grocery stores offering fresh produce and other food items within a one-mile radius. According to a 2017 study commissioned by Winston-Salem, an estimated 17% of Forsyth County residents experienced food insecurity in 2014. Furthermore, an estimated 38% of poor Forsyth County residents reside in these food deserts, a situation that often leads to multiple disadvantages.

    In such food deserts, residents often face challenges such as limited reliable transportation, which negatively impacts their ability to secure living wage employment and access to healthy food options. Consequently, they often perceive that their only alternatives are to utilize local convenience stores and fast-food options. Recognizing this predicament, Share-Ws Inc seeks to improve the situation by addressing the underlying issues. The organization's mission is to provide solutions that enable residents of food deserts to gain access to healthier food options and improve their overall well-being.

    Impact

    This information is meant to be a general summary of Share-Ws Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Share-Ws Inc's impact is significant in addressing food insecurity in Winston-Salem, North Carolina. By establishing a full-service retail food market in a food desert, Share-Ws aims to provide wholesome, fresh food at a reasonable price to an underserved population. This initiative not only helps alleviate food insecurity but also fosters business development and creates job opportunities within the community.

    Over the years, Share-Ws has made substantial progress towards their mission. They have expanded their member base, secured funding from various sources, acquired contractors and vendors, launched an e-commerce platform, opened a beta-site for food sales, hired staff, initiated a food pharmacy project in partnership with local health centers, and engaged accounting services for financial reporting.

    With the ongoing construction of the main store in the West Salem Shopping Center, Share-Ws anticipates a store opening within the next 8-10 months. This community and economic initiative, supported by the community, is poised to improve public health through access to healthy food, create around 26 jobs, and contribute to measurable community and economic development in the area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $15
  • Program Service Revenue: $0
  • Gross Receipts: $978,955

    • Assets and Liabilities:
  • Total Assets: $1,791,158
  • Total Liabilities: $652,051
  • Net Assets: $1,139,107
  • Organization Details

    Founding Year

    2018

    Principal Officer

    Gary Williams

    Main Address

    603 PETERS CREEK PARKWAY, WINSTONSALEM, NC, 27103

    NTEE Category

    Code: K99 - Food

    If you are a representative of Share-Ws Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.